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The art of making intelligent decisions: the next revolution in the mining industry

Date: September 7, 2017

Making a decision is a bridge between business problems and their hidden answers in data.

Big data, global connectivity and pervasive real-time analytics are changing the way that companies manage their business. Today, the general goal of most business intelligence systems is to access data from a variety of different sources; transform that data into information, and then into knowledge; and provide an easy-to-use, graphical interface to display this knowledge. In other words, a business intelligence system is responsible for collecting, digesting and presenting data in a friendly way.

Many mining companies assume that knowledge is the final objective – after all, knowledge is an essential component of any decision-making process – but it is important that businesses understand that knowledge is no longer enough for making decisions in today’s competitive global market.

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